Templeton waits on fund approval

Franklin Templeton Investments is seeking approval for a Dublin domicile and listing for a mirror version of its US-registered Templeton Global Long/Short equity fund. The group plans to launch the fund into Europe later this month. Dale Winner, manager of the fund, said in the 12 months to the end of July the fund returned 2.2% in dollar terms against the MSCI World index's fall of 21%, on around half the index's standard deviation of 16%. The $106.9m fund, which is always net long and unleveraged, draws on research from 35 in-house sector analysts to select long positions Winner ch...